Personally I favor a plan similar to Cain’s 9-9-9 only it would be 12 -0 -0. Tax everything a flat rate of say 12% EXCEPt clothes under $75, Food, and medicine. That way people could afford to feed, clothe, and care for their families. I hear the comments that such a system is unfair to the poor as they would be taxed on almost all of their income where Warren Buffet would spend a much smaller proportion of his income but hey, that’s life. My system would allow people to save without being taxed until they spend it. Buy a Pinto, pay a little, buy a Lincoln, pay more. Such a system will never be allowed to happen due to all the special interest groups. Oh well.
Personally I favor a plan similar to Cain’s 9-9-9 only it would be 12 -0 -0. Tax everything a flat rate of say 12% EXCEPt clothes under $75, Food, and medicine. That way people could afford to feed, clothe, and care for their families. I hear the comments that such a system is unfair to the poor as they would be taxed on almost all of their income where Warren Buffet would spend a much smaller proportion of his income but hey, that’s life. My system would allow people to save without being taxed until they spend it. Buy a Pinto, pay a little, buy a Lincoln, pay more. Such a system will never be allowed to happen due to all the special interest groups. Oh well.